Coca-Cola attempts to salvage Costa Coffee sale, FT reports

Coca-Cola (KO) is holding last-ditch discussions with TDR Capital as it attempts to salvage its proposed sale of Costa Coffee, Ashley Armstrong and Sam Chambers of The Financial Times reports. Earlier this week, TDR was selected as Coke’s preferred bidder for Costa, but talks have stumbled over the price, people familiar with the matter told the Times. Coca-Cola will decide next week whether it will shelve the sale process altogether, the sources added.